Generac Stock Soars on Amazon Data-Center Deal
Generac Holdings stock surged after the company announced a long-term agreement to supply backup generators for Amazon Web Services data centers, worth up to $8.0 billion through 2033.
The initial deliveries of approximately $2.4 billion are scheduled for 2027 and 2028, according to MarketBeat on September 20, 2026.
Several major banks raised their price targets on Generac stock after the Amazon deal, with JPMorgan increasing its target to $265 while maintaining an Overweight rating, Canaccord lifting its target to $375 with a Buy rating, and Stephens reaffirming Overweight with a $335 target.
However, some research voices remain cautious about Generac's medium-term fundamentals, citing declining operating margins and earnings per share over the past five years.